Bill Status of SB 1433   93rd General Assembly

Short Description:  TAX EXEMPTION SUNSETS

Senate Sponsors
Sen. Barack Obama

Last Action  View All Actions

DateChamber Action
  1/11/2005SenateSession Sine Die

Statutes Amended In Order of Appearance
35 ILCS 5/201from Ch. 120, par. 2-201
35 ILCS 5/211
35 ILCS 105/3-5from Ch. 120, par. 439.3-5
35 ILCS 105/3-55from Ch. 120, par. 439.3-55
35 ILCS 110/3-5from Ch. 120, par. 439.33-5
35 ILCS 110/3-45from Ch. 120, par. 439.33-45
35 ILCS 115/3-5from Ch. 120, par. 439.103-5
35 ILCS 120/2-5from Ch. 120, par. 441-5
235 ILCS 5/8-2from Ch. 43, par. 159

Synopsis As Introduced
Amends the Illinois Income Tax Act. Provides that the rate reduction for certain foreign insurers applies to taxable years ending on or before June 30, 2005 (now, no sunset). Provides that the Economic Development for a Growing Economy Tax Credit is available only for tax years ending on or before June 30, 2005 (now, no sunset). Amends the Use Tax Act, the Service Use Tax Act, the Service Occupation Tax Act, and the Retailers' Occupation Tax Act. Provides for a sunset of June 30, 2005 for exemptions for: certain personal property purchased through fundraising events for the benefit of a public or private elementary or secondary school; certain machines and parts for machines used in commercial, coin-operated amusement and vending business; certain medical-related computers and communications equipment sold to a lessor who leases the equipment to a hospital that has been issued an active tax exemption identification number; personal property sold to a lessor who leases the property to a governmental body that has been issued an active tax exemption identification number; and tangible personal property purchased from an Illinois retailer and destined for use or consumption outside Illinois (now, no sunset, except for tangible personal property destined for use or consumption outside Illinois which has a statutory sunset date). Amends the Liquor Control Act of 1934. Deletes provisions authorizing electronic filing of the tax and associated report by a manufacturer or distributor of alcoholic liquor. Effective immediately, except that the changes to the Liquor Control Act of 1934 take effect on July 1, 2004.

Actions 
DateChamber Action
  2/20/2003SenateFiled with Secretary by Sen. Barack Obama
  2/20/2003SenateFirst Reading
  2/20/2003SenateReferred to Rules
  2/27/2003SenateAssigned to Revenue
  3/6/2003SenatePostponed - Revenue
  3/13/2003SenatePostponed - Revenue
  3/14/2003SenateRule 3-9(a) / Re-referred to Rules
  1/11/2005SenateSession Sine Die

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